Egyptian Shares Plunge After Morsi's Move

By

Tim Falconer

Updated Nov. 25, 2012 9:05 a.m. ET

DUBAI—Egyptian share prices took the steepest plunge in over a year Sunday as renewed protests, sparked by President Mohammed Morsi's decision to grant himself sweeping new powers, unnerved investors already jittery about the prospects for the country's economy.

Divisions in Egypt have deepened over the past few days as thousands of people have mounted competing demonstrations backing and opposing Mr. Morsi's controversial decrees,...